Finally after lot of repeated reminder by government, Bank’s officers union has submitted the summary of demand and no charted of demand to Indian Banker’s association (IBA). Bank officer’s union are not having that much time to finalize the Charter of Demand of their members. They have requested IBA to grant them time for preparing the charter of demands for 11th Bipartite wage settlement for bank employees.

The combined Officer’s union AIBOC, AIBOA, INBOC, NOBO has submitted the common demands to IBA.

Summary of Demands seek by Officer’s Union

Merger of Dearness Allowance (DA) up to 31-10-2017

Addition of DA upto 31-10-2017 with basic pay.

Revise DA formula for automatic consideration against price rise.

FPA will be paid on each year after reaching the maximum in scale.

Date of sanction of annual increment should be 01st Jan and 1st July

Automatic movement of PQP

Upward revision of HRA as per market rent

Increase in CCA

Post allowance should be introduced

Closing allowance should be paid once in three month

Transportation charges should be improved with payment of two month salary as additional on transfer

Payment of lumsump amount for child education on transfer

Rationalization of Halting allowances, Travelling expenses etc.

Incentive for working in Rural areas

Introduction of commercial banking allowance as prevail in RBI

LFC enhancement with air fare allowed to all the scale of officer’s with aboard facilities.

Special provision for women employees to work from home

Introduction of five days banking

Working hours of officers should be defined

Income criteria of dependent should be increased

Provident fund should be 12% of the total salary and allowances

Gratuity should be paid for one month salary

Roll back of NPS to regular pension scheme

Pension should be paid on One Rank One pension system

Present ceiling of 3% of net profit on employees should be changed to Gross profit